SIDMA SABAH

July 22, 2008, Kelana Jaya ~ Universiti Tun Abdul Razak formed its latest partnership through the signing of a Memorandum of Understanding (MoU) with the International Centre for Education in Islamic Finance (INCEIF).

INCEIF which envision to be the knowledge leader in Islamic Finance is the only institution dedicated to Islamic finance and determined to develop graduates through the offering of Chartered Islamic Finance Professional (CIFP), Masters and Ph.D. programmes.

According to the President and Vice Chancellor of the University, Prof. Datuk Dr. Md. Zabid Hj. Abdul Rashid, the MoU is a great platform for both institutions to work together to increase knowledge and expertise in Islamic Finance for the good operations of the increasingly wide-spread use of Islamic finance in accordance with the Shariah by financial sectors.

'As we are gearing towards becoming the leading institution for higher learning education in the region, this collaboration is timely with our goal to promote internationalisation through cooperation, collaborative networks and strategic alliances with focused partners,' he said after the signing ceremony of the MoU at INCEIF's campus in Kuala Lumpur.

Prof. Zabid further mentioned that the two institutions acknowledge the need to establish a framework to facilitate mutual and joint cooperation in promoting and undertaking research, development, training and education in Islamic finance.

Further collaborations instituted under the MOU include exchange programmes between the University and INCEIF, joint research and publication in Islamic finance, joint organisation of conferences, workshops, seminars and provision of learning and research facilities between the two institutions.

The MoU was signed by Prof. Datuk Dr. Md. Zabid Hj. Abdul Rashid and INCEIF's President and Chief Executive Officer, Mr. Agil Natt. The ceremony was witnessed by the University's Deputy President (Academic and Research), Prof. Dato' Dr. Mohamed Mahyuddin Mohamed Dahan and INCEIF's Chief Operating Officer, Mr Razali Mahfar.

The auspicious signing ceremony was also attended by INCEIF's Governing Council, members of the Professional Development Panel and senior staff. Also present during the ceremony were the University's management committee and Deans of faculties.